Ethereum Stuck In Tight Price Range — Levels To Watch
Prominent market analyst Ted Pillows has highlighted the immediate key price levels in the Ethereum market using data on liquidity heatmap. This analysis follows a turbulent price display over the past week during which Ethereum prices fell by 1.64%. Related Reading: Ethereum Price Could Crash Below $3,400 After Rejection From 0.618 Fibonacci Level Ethereum Traders Brace For Potential Sweep Before Reversal In an X post on November 1, Pillows shares data from Coinglass on the Ethereum liquidity heatmap, identifying significant resting liquidity on both sides of the current price action.....
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Here's a look at what we are focusing on in the bitcoin price this morning. It is Tuesday morning, and time to take a look at the bitcoin price for the first time today. Action overnight was pretty weak, as it has been for the majority of the last few days, and we didn’t really get any opportunity to get in and out the markets as we would have liked. This doesn’t mean that we aren’t going to see any action today, but it may weaken our key levels purely because we haven’t had any recent breakouts. As has been pretty standard so far this week, we are going to stick with a really tight range,....
Here's what's on for our final session in the bitcoin price watch analysis strategy this week. So we are going to make things as simple as possible for our final price trading session of the week, and narrow our range right in to something like a fifteen dollar split. This gives us the chance to take advantage of any tight movement as we head into the weekend. Why are we doing this? Well, those reading will likely be aware of the action seen across the last few days, and the impact this has had on what we are now looking at as a potential upside price ceiling. However, this said, price has....
Early this morning, shortly before the markets opened in the UK, we published our twice-daily bitcoin price watch piece. In the piece, we commented on the overarching bullish momentum we saw throughout the Monday evening session, and suggested that today's strategy might involve a couple of tight target-tight stop entries for an aggressive profit-taking position. Action throughout the day has now matured, so what did it bring, and what are the levels we're keeping an eye on this evening to help form our intraday bias at European session close? Take a quick look at the chart. As you can see....
Yesterday afternoon, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be looking at around evening during the Asian session, and suggested that - as a result of the widening of our regular parameters - we could probably get in and out of the markets according to our intra-range strategy. Action has now matured overnight, and - as we head into a fresh European session - what of levels that we are keeping an eye on in the bitcoin price today, and how can we try and draw profit from the market on the back of these parameters? Take a....
In these bitcoin price watch pieces, it's not uncommon for us to trade a relatively tight range. Over the last week or so, however, we had quite a lot of volatility in the bitcoin price, and it has afforded us the opportunity to widen out our parameters a little bit and try out some intra-range trading. We did this overnight in the Asian session on Thursday, and as we head into a fresh European session today, let's try something similar. So, with this said, what are the levels that we are going to keep an eye on today, and how we going to look to trade bitcoin price as we head into the....